Physics and Finance
This book introduces physics students to concepts and methods of finance. Despite being perceived as quite distant from physics, finance shares a number of common methods and ideas, usually related to noise and uncertainties. Juxtaposing the key methods to applications in both physics and finance articulates both differences and common features, this gives students a deeper understanding of the underlying ideas. Moreover, they acquire a number of useful mathematical and computational tools, such as shastic differential equations, path integrals, Monte-Carlo methods, and basic cryptology. Each chapter ends with a set of carefully designed exercises enabling readers to test their comprehension.


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Physics and Finance
This book introduces physics students to concepts and methods of finance. Despite being perceived as quite distant from physics, finance shares a number of common methods and ideas, usually related to noise and uncertainties. Juxtaposing the key methods to applications in both physics and finance articulates both differences and common features, this gives students a deeper understanding of the underlying ideas. Moreover, they acquire a number of useful mathematical and computational tools, such as shastic differential equations, path integrals, Monte-Carlo methods, and basic cryptology. Each chapter ends with a set of carefully designed exercises enabling readers to test their comprehension.


54.99 In Stock
Physics and Finance

Physics and Finance

by Volker Ziemann
Physics and Finance

Physics and Finance

by Volker Ziemann

Paperback(1st ed. 2021)

$54.99 
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Overview

This book introduces physics students to concepts and methods of finance. Despite being perceived as quite distant from physics, finance shares a number of common methods and ideas, usually related to noise and uncertainties. Juxtaposing the key methods to applications in both physics and finance articulates both differences and common features, this gives students a deeper understanding of the underlying ideas. Moreover, they acquire a number of useful mathematical and computational tools, such as shastic differential equations, path integrals, Monte-Carlo methods, and basic cryptology. Each chapter ends with a set of carefully designed exercises enabling readers to test their comprehension.



Product Details

ISBN-13: 9783030636456
Publisher: Springer International Publishing
Publication date: 01/19/2021
Series: Undergraduate Lecture Notes in Physics
Edition description: 1st ed. 2021
Pages: 286
Product dimensions: 6.10(w) x 9.25(h) x (d)

About the Author

Volker Ziemann obtained his Ph.D. in accelerator physics from Dortmund University in 1990. After postdoctoral positions in Stanford at SLAC and in Geneva at CERN, where he worked on the design of the LHC, in 1995, he moved to Uppsala where he worked at the electron-cooler storage ring CELSIUS. In 2005, he moved to the physics department where he has since taught physics. He was responsible for several accelerator physics projects at CERN, DESY, and XFEL. In 2014, he received the Thuréus prize from the Royal Society of Sciences in Uppsala.


Table of Contents

Chapter 1 - Introduction.- Chapter 2 - Concepts of finance.- Chapter 3 - Portfolio theory and CAPM.- Chapter 4 - Shastic processes.- Chapter 5 - Black-Scholes differential equation.- Chapter 6 - The Greeks and risk management.- Chapter 7 - Regression models and hypothesis testing.- Chapter 8 - Time series.- Chapter 9 - Bubbles, crashes, fat tails and Levy-stable distributions.- Chapter 10 - Quantum finance and path integrals.- Chapter 11 - Optimal control theory.
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